Miller Howard Investments Inc. NY Sells 180,259 Shares of Host Hotels & Resorts, Inc. (NASDAQ:HST)

Miller Howard Investments Inc. NY reduced its position in Host Hotels & Resorts, Inc. (NASDAQ:HST - Free Report) by 7.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,257,540 shares of the company's stock after selling 180,259 shares during the quarter. Host Hotels & Resorts makes up about 1.3% of Miller Howard Investments Inc. NY's investment portfolio, making the stock its 29th biggest holding. Miller Howard Investments Inc. NY owned approximately 0.32% of Host Hotels & Resorts worth $39,552,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB raised its position in shares of Host Hotels & Resorts by 94.9% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 2,035 shares of the company's stock valued at $36,000 after acquiring an additional 991 shares in the last quarter. Eastern Bank bought a new stake in Host Hotels & Resorts during the fourth quarter valued at $45,000. Farther Finance Advisors LLC raised its holdings in shares of Host Hotels & Resorts by 44.5% during the third quarter. Farther Finance Advisors LLC now owns 2,816 shares of the company's stock worth $50,000 after purchasing an additional 867 shares during the period. Signaturefd LLC lifted its position in shares of Host Hotels & Resorts by 50.5% in the 3rd quarter. Signaturefd LLC now owns 3,571 shares of the company's stock worth $63,000 after buying an additional 1,198 shares during the last quarter. Finally, Mendota Financial Group LLC boosted its holdings in shares of Host Hotels & Resorts by 27.1% in the 3rd quarter. Mendota Financial Group LLC now owns 3,952 shares of the company's stock valued at $70,000 after buying an additional 842 shares during the period. Institutional investors and hedge funds own 98.52% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Wells Fargo & Company raised their target price on shares of Host Hotels & Resorts from $21.00 to $22.00 and gave the stock an "overweight" rating in a report on Monday, December 9th. StockNews.com downgraded Host Hotels & Resorts from a "hold" rating to a "sell" rating in a report on Thursday, November 14th. Compass Point upgraded shares of Host Hotels & Resorts from a "neutral" rating to a "buy" rating and upped their target price for the stock from $18.00 to $22.00 in a research report on Thursday, October 17th. Stifel Nicolaus cut their price objective on shares of Host Hotels & Resorts from $21.00 to $20.50 and set a "buy" rating on the stock in a research note on Friday, November 22nd. Finally, UBS Group lowered their price target on Host Hotels & Resorts from $19.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $20.96.

Host Hotels & Resorts Stock Performance

NASDAQ:HST traded down $0.18 during midday trading on Wednesday, reaching $16.31. The stock had a trading volume of 4,368,543 shares, compared to its average volume of 7,522,883. The stock has a market capitalization of $11.40 billion, a P/E ratio of 15.84 and a beta of 1.30. The company has a debt-to-equity ratio of 0.76, a current ratio of 2.90 and a quick ratio of 2.90. Host Hotels & Resorts, Inc. has a 1-year low of $15.71 and a 1-year high of $21.31. The firm's fifty day simple moving average is $17.53 and its 200-day simple moving average is $17.50.

Host Hotels & Resorts Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were issued a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $0.80 annualized dividend and a yield of 4.90%. Host Hotels & Resorts's dividend payout ratio (DPR) is 77.67%.

Host Hotels & Resorts Profile

Host Hotels & Resorts, Inc is a real estate investment trust, which engages in the management of luxury and upper-upscale hotels. It operates through the following geographical segments: United States, Brazil, and Canada. The company was founded in 1927 and is headquartered in Bethesda, MD.